Endava (NYSE:DAVA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Endava (NYSE:DAVA) from a hold rating to a buy rating in a research note released on Saturday.

Several other research analysts also recently weighed in on the company. Susquehanna cut their price target on Endava from $50.00 to $42.00 and set a “positive” rating for the company in a research note on Tuesday, May 20th. Cowen downgraded Endava from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $18.00 target price on shares of Endava in a research note on Monday, May 19th. TD Cowen downgraded Endava from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research note on Thursday, May 15th. Finally, Needham & Company LLC raised their target price on Endava from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Endava has a consensus rating of “Hold” and an average target price of $26.63.

Endava Stock Down 0.1%

DAVA stock opened at $15.66 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $924.25 million, a price-to-earnings ratio of 142.34, a PEG ratio of 2.26 and a beta of 1.15. Endava has a fifty-two week low of $14.00 and a fifty-two week high of $34.94. The stock has a fifty day moving average of $17.08 and a 200-day moving average of $24.02.

Institutional Trading of Endava

Several institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its holdings in shares of Endava by 28.5% in the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after acquiring an additional 331 shares in the last quarter. Assetmark Inc. grew its position in Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after acquiring an additional 475 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Endava by 23.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,620 shares of the company’s stock worth $72,000 after acquiring an additional 689 shares during the last quarter. Portside Wealth Group LLC increased its stake in shares of Endava by 5.7% during the first quarter. Portside Wealth Group LLC now owns 13,145 shares of the company’s stock valued at $256,000 after buying an additional 711 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Endava by 114.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock valued at $46,000 after buying an additional 786 shares during the period. Hedge funds and other institutional investors own 62.23% of the company’s stock.

About Endava

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in North America, Europe, the United Kingdom, and internationally. It offers ideation and production services in the payments and financial services, telecommunications, media, and technology verticals; and business analysis, data analytics, program management, digital product strategy, private equity value enhancement, IT strategy, architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.